-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corporate tax cut is beneficial for the economy in the long term. Finance Minister Nirmala Sitharaman’s announcement to cut corporate tax rates on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleration. According to reports, the government has cut the...
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Black economy in India: The path to growing inequality in India -Arun Kumar
-CounterCurrents.org The single most important aspect of the Indian economy is its very large black economy. In fact, it impacts not just the economic aspect of society but also its social and political facets. All the macroeconomic variables like, Growth Rate of the economy, inflation and fiscal policies are affected by the black economy. The microeconomic variables like education, health, drinking water and other services received by the citizens are also...
More »For the demographic dividend -Amitabh Kundu
-The Indian Express Focusing on health, education of women will bring down population, increase work participation The World Population Prospects 2019 has reported that India’s total fertility rate (TFR) has declined from 5.9 in early Sixties to 2.4 to 2010-15. TFR is defined as the total number of children to be born to women in her lifetime by the current age specific fertility rates. By 2025-30, it will fall to 2.1,...
More »How rural inflation is playing out -Keerthi Sanagasetti
-The Hindu Business Line Low food inflation and high services inflation in rural India is doing more bad than good for the rural population CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation. Rural inflation in August was almost half of urban retail inflation. With...
More »Rate cut alone can't arrest slump, boost rural demand: SBI report
-PTI Economists at State Bank Research also warned that any attempt to trim government spending to maintain the fiscal numbers will be severely detrimental to growth. Lose-monetary policy alone cannot arrest the deepening slump, instead government must take demand-boosting measures, especially in rural areas, by frontloading expenditure primarily through the national rural employment scheme, says a report. Economists at State Bank Research Monday also warned that any attempt to trim government spending to...
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